What is capital expenditure?

Capex is the cash a company spends acquiring or upgrading long-lived assets like factories, data centers, equipment, and stores. It is taken from the investing section of the cash flow statement.

Why track the biggest spenders?

Heavy capex marks the most asset-intensive businesses, from carriers and chipmakers to energy and cloud providers. It is also what separates operating cash flow from free cash flow.

Browse all

Companies Spending the Most on Capex

How This List Is Built

Companies ranked by capital expenditures over the last twelve months, converted to US dollars. Capex is the cash a company invests in property, plants, equipment, and infrastructure.

We sum capital expenditure from the latest four quarterly cash flow statements, take the absolute value, convert to US dollars at daily exchange rates, and rank descending. Refreshed nightly.

Frequently Asked Questions

What is capital expenditure?: Capex is the cash a company spends acquiring or upgrading long-lived assets like factories, data centers, equipment, and stores. It is taken from the investing section of the cash flow statement.
Why track the biggest spenders?: Heavy capex marks the most asset-intensive businesses, from carriers and chipmakers to energy and cloud providers. It is also what separates operating cash flow from free cash flow.

Rank	Company					30d	Country
1	Amazon.com, Inc.AMZN	$151.00B	$2.69T	$249.99	+1.12%$2.76		US
2	Alphabet Inc.GOOGL	$109.92B	$4.26T	$351.99	+1.51%$5.22		US
3	Microsoft CorporationMSFT	$97.23B	$2.99T	$402.29	+2.15%$8.47		US
4	Meta Platforms, Inc.META	$75.75B	$1.64T	$645.85	−0.02%$0.16		US
5	Oracle CorporationORCL	$55.66B	$349.60B	$121.37	−3.99%$5.04		US
6	Saudi Arabian Oil Company2222.SR	$50.26B	$1.73T	$7.14	−0.15%$0.01		SA
7	Taiwan Semiconductor Manufacturing Company LimitedTSM	$46.20B	$2.09T	$402.30	+0.99%$3.93		TW
8	PetroChina Company Limited601857.SS	$42.91B	$288.52B	$1.58	−3.27%$0.05		CN
9	Samsung Electronics Co., Ltd.005930.KS	$36.32B	$1.17T	$175.07	+6.15%$10.14		KR
10	Toyota Motor CorporationTM	$30.80B	$211.41B	$178.53	+0.52%$0.92		JP
11	Exxon Mobil CorporationXOM	$28.93B	$614.94B	$148.36	+0.68%$1.00		US
12	Walmart Inc.WMT	$28.34B	$892.90B	$112.20	−1.79%$2.04		US
13	Volkswagen AGVOW.DE	$27.77B	$41.78B	$85.60	−0.33%$0.29		DE
14	Micron Technology, Inc.MU	$25.26B	$977.44B	$865.46	+1.94%$16.51		US
15	National Grid plcNGG	$24.98B	$82.04B	$82.44	−1.85%$1.55		GB
16	China Mobile Limited0941.HK	$22.21B	$212.82B	$10.26	−0.43%$0.04		HK
17	Berkshire Hathaway Inc.BRK-B	$21.63B	$1.06T	$491.43	+0.11%$0.52		US
18	AT&T Inc.T	$21.44B	$152.52B	$21.95	+0.64%$0.14		US
19	BYD Company Limited Class H81211.HK	$20.96B	$129.80B	$11.69	+1.28%$0.15		CN
20	SK hynix Inc.SKHY	$20.27B	$1.10T	$151.16	−1.86%$2.87		KR
21	Petróleo Brasileiro S.A. - PetrobrasPBR-A	$20.05B	$104.53B	$16.22	+1.38%$0.22		BR
22	China Petroleum & Chemical Corporation600028.SS	$19.92B	$92.52B	$0.77	−1.34%$0.01		CN
23	Shell plcSHEL	$19.01B	$240.33B	$86.20	−1.28%$1.12		GB
24	Alibaba Group Holding LimitedBABA	$18.63B	$288.44B	$120.34	+4.67%$5.37		CN
25	Deutsche Telekom AGDTE.DE	$18.56B	$149.88B	$30.98	−0.07%$0.02		DE
26	Chevron CorporationCVX	$17.70B	$377.75B	$189.67	+1.22%$2.29		US
27	TotalEnergies SETTE	$17.31B	$179.94B	$80.80	−0.72%$0.59		FR
28	Verizon Communications Inc.VZ	$17.29B	$181.64B	$43.50	−0.21%$0.09		US
29	CoreWeave, Inc. Class A Common StockCRWV	$16.60B	$39.86B	$73.06	−0.20%$0.15		US
30	CNOOC Limited0883.HK	$16.51B	$142.21B	$2.99	−1.84%$0.06		HK
31	ASE Technology Holding Co., Ltd.ASX	$16.46B	$80.96B	$36.90	−3.93%$1.51		TW
32	Tencent Holdings Limited80700.HK	$15.02B	$551.86B	$60.87	−0.15%$0.09		CN
33	BHP Group LimitedBHP	$14.48B	$204.47B	$80.49	−0.19%$0.15		AU
34	Space Exploration Technologies Corp.SPCX	$14.25B	$1.57T	$119.85	−3.34%$4.14		US
35	Equinor ASAEQNR	$14.13B	$89.29B	$37.35	−0.05%$0.02		NO
36	NTT, Inc.9432.T	$13.90B	$77.10B	$0.95	+1.72%$0.02		JP
37	China National Nuclear Power Co., Ltd.601985.SS	$13.75B	$27.70B	$1.35	+0.33%$0.00		CN
38	The Southern CompanySO	$13.56B	$106.48B	$94.46	−0.88%$0.84		US
39	Southern Company (The) Series 2SOJE	$13.56B	$107.82B	$16.74	+0.36%$0.06		US
40	Novo Nordisk A/SNVO	$13.40B	$220.46B	$49.61	−1.41%$0.71		DK
41	Intel Corp.INTC	$13.10B	$487.82B	$97.06	+2.13%$2.02		US
42	BP p.l.c.BP	$13.08B	$110.15B	$42.00	+0.24%$0.10		GB
43	Venture Global, Inc.VG	$13.08B	$34.89B	$14.29	+3.55%$0.49		US
44	T-Mobile US, Inc.TMUS	$12.70B	$211.72B	$195.64	+1.67%$3.21		US
45	Brookfield CorporationBN	$12.53B	$94.68B	$42.39	−2.84%$1.24		CA
46	Brookfield Finance Inc.BNH	$12.53B	$98.21B	$15.63	+0.78%$0.12		CA
47	PG&E CorporationPCG	$12.51B	$38.38B	$17.43	+0.64%$0.11		US
48	Dominion Energy, Inc.D	$12.45B	$61.88B	$70.36	−0.96%$0.68		US
49	China Resources Power Holdings Company Limited0836.HK	$12.36B	$12.49B	$2.41	−0.63%$0.02		HK
50	Rio Tinto GroupRIO	$12.29B	$144.65B	$89.07	−1.20%$1.08		GB
51	Charter Communications, Inc.CHTR	$12.12B	$18.23B	$129.16	−1.68%$2.21		US
52	Comcast CorporationCMCSA	$11.85B	$84.95B	$23.78	−0.04%$0.01		US
53	CITIC Limited0267.HK	$11.65B	$42.93B	$1.48	+0.26%$0.00		HK
54	General Motors CompanyGM	$11.28B	$68.35B	$75.80	−0.35%$0.27		US
55	Bayerische Motoren Werke AGBMW.DE	$11.26B	$40.39B	$66.72	−0.34%$0.23		DE
56	LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMC.PA	$11.13B	$274.80B	$556.76	−1.67%$9.43		FR
57	RWE AGRWE.DE	$11.06B	$47.35B	$66.35	+3.61%$2.31		DE
58	Apple Inc.AAPL	$11.05B	$4.80T	$326.59	−2.14%$7.15		US
59	Korea Electric Power CorporationKEP	$11.02B	$14.53B	$11.32	−0.44%$0.05		KR
60	China Telecom Corporation Limited601728.SS	$10.97B	$83.03B	$0.91	−1.76%$0.02		CN
61	Vodafone Group Public Limited CompanyVOD	$10.89B	$35.46B	$15.40	−2.16%$0.34		GB
62	SempraSRE	$10.74B	$59.32B	$90.75	−1.63%$1.50		US
63	Société Générale S.A.GLE.PA	$10.71B	$62.74B	$85.94	+0.80%$0.69		FR
64	SoftBank Group Corp.9984.T	$10.68B	$197.99B	$34.74	+3.96%$1.32		JP
65	BT Group plcBT-A.L	$10.37B	$25.82B	$2.65	−0.61%$0.02		GB
66	Hua Hong Semiconductor Ltd688347.SS	$10.14B	$89.56B	$51.54	+5.04%$2.47		CN
67	Enel S.p.A.ENEL.MI	$9.99B	$112.35B	$11.32	−0.08%$0.01		IT
68	NextEra Energy, Inc.NEE	$9.97B	$183.53B	$88.00	−0.90%$0.80		US
69	China United Network Communications Limited600050.SS	$9.84B	$20.41B	$0.65	+0.23%$0.00		CN
70	Tesla, Inc.TSLA	$9.53B	$1.39T	$369.57	−2.96%$11.27		US
71	China Railway Group Limited601390.SS	$9.44B	$16.62B	$0.67	+0.44%$0.00		CN
72	AyvensAYV.PA	$9.43B	$10.31B	$13.16	−0.52%$0.07		FR
73	Ford Motor CompanyF	$9.37B	$54.79B	$14.00	−1.62%$0.23		US
74	Stellantis N.V.STLA	$9.30B	$16.66B	$5.75	−0.69%$0.04		NL
75	SSE plcSSE.L	$9.21B	$39.98B	$33.14	−1.13%$0.38		GB
76	Enbridge Inc.ENB	$9.13B	$121.70B	$55.73	−1.73%$0.98		CA
77	E.on SeEOAN.DE	$8.95B	$57.51B	$22.01	+0.05%$0.01		DE
78	Exelon CorporationEXC	$8.94B	$47.03B	$45.96	−0.65%$0.30		US
79	The Walt Disney CompanyDIS	$8.68B	$167.42B	$96.41	−1.29%$1.26		US
80	Huaneng Power International, Inc.600011.SS	$8.65B	$16.71B	$1.06	−3.23%$0.04		CN
81	Bank of China Limited601988.SS	$8.58B	$286.64B	$0.89	−1.15%$0.01		CN
82	Entergy Louisiana, LLC COLLATERAL TR MTELC	$8.44B	$51.85B	$20.00	+0.00%$0.00		US
83	Entergy CorporationETR	$8.44B	$51.24B	$111.91	−1.17%$1.33		US
84	L'Air Liquide S.A.AIL.DE	$8.43B	$129.36B	$203.22	+0.73%$1.46		FR
85	Orange S.A.ORA.PA	$8.37B	$49.97B	$18.80	−0.18%$0.03		FR
86	Enbridge Inc. CUM RED PREF Series BEBRGF	$8.19B	$35.64B	$16.32	+0.00%$0.00		CA
87	LG Chem, Ltd.051910.KS	$8.07B	$13.15B	$167.98	−1.78%$3.04		KR
88	Roche Holding AGROP.SW	$7.97B	$327.07B	$410.89	−0.75%$3.10		CH
89	Polski Koncern Naftowy ORLEN Spólka AkcyjnaPKN.WA	$7.96B	$44.96B	$38.73	+0.29%$0.11		PL
90	Semiconductor Manufacturing International Corporation688981.SS	$7.93B	$124.36B	$21.59	+1.27%$0.27		CN
91	Woodside Energy Group LtdWDS	$7.90B	$41.04B	$21.65	−0.32%$0.07		AU
92	América Móvil, S.A.B. de C.V.AMX	$7.73B	$78.35B	$26.10	−0.65%$0.17		MX
93	China Railway Construction Corporation Limited601186.SS	$7.66B	$13.09B	$0.96	+0.46%$0.00		CN
94	Mercedes-Benz Group AGMBG.DE	$7.56B	$49.41B	$51.62	−0.82%$0.43		DE
95	Ørsted A/SORSTED.CO	$7.53B	$9.87B	$23.16	+1.14%$0.26		DK
96	PJSC LukoilLKOH.ME	$7.38B	$35.74B	$54.96	+5.11%$2.67		RU
97	CSC Financial Co., Ltd.601066.SS	$7.35B	$25.69B	$3.96	+0.23%$0.01		CN
98	Aker BP ASAAKRBP.OL	$7.35B	$21.18B	$33.53	+0.87%$0.29		NO
99	Commonwealth Bank of AustraliaCBA.AX	$7.26B	$199.82B	$119.50	−0.46%$0.55		AU
100	Energy Transfer LPET	$7.00B	$69.79B	$20.28	−0.20%$0.04		US
101	Eli Lilly and CompanyLLY	$6.90B	$1.08T	$1,146.85	−2.74%$32.26		US
102	China Shenhua Energy Company Limited601088.SS	$6.87B	$145.40B	$6.70	−1.84%$0.13		CN
103	ArcelorMittal S.A.MT	$6.83B	$50.12B	$65.85	−0.90%$0.60		LU
104	Mitsui & Co., Ltd.8031.T	$6.83B	$83.66B	$29.52	+2.77%$0.79		JP
105	Bank of Communications Co., Ltd.601328.SS	$6.73B	$91.82B	$1.04	−0.14%$0.00		CN
106	Hannover Rück SEHNR1.DE	$6.72B	$34.98B	$290.02	−0.55%$1.60		DE
107	Brookfield Infrastructure Partners L.P.BIP	$6.67B	$18.14B	$39.26	—		BM
108	Edison InternationalEIX	$6.65B	$29.73B	$77.25	−0.49%$0.38		US
109	EOG Resources, Inc.EOG	$6.64B	$75.15B	$141.09	+0.86%$1.20		US
110	Diamondback Energy, Inc.FANG	$6.64B	$54.96B	$195.38	−0.08%$0.16		US
111	Rongsheng Petrochemical Co., Ltd.002493.SZ	$6.61B	$17.00B	$1.70	−1.37%$0.02		CN
112	Industrial & Commercial Bank of China Ltd.601398.SS	$6.59B	$407.27B	$1.14	−0.26%$0.00		CN
113	Contemporary Amperex Technology Co., Limited300750.SZ	$6.57B	$254.42B	$57.71	+3.58%$1.99		CN
114	NVIDIA CorporationNVDA	$6.57B	$4.92T	$203.28	+0.23%$0.47		US
115	GD Power Development Co.,Ltd600795.SS	$6.50B	$12.83B	$0.72	−0.41%$0.00		CN
116	The AES CorporationAES	$6.44B	$10.55B	$14.80	+0.20%$0.03		US
117	Citigroup Inc.C	$6.42B	$220.76B	$128.73	−0.49%$0.63		US
118	United Airlines Holdings, Inc.UAL	$6.37B	$38.14B	$117.52	+1.83%$2.11		US
119	Engie S.A.ENGI.PA	$6.35B	$78.14B	$30.75	+0.11%$0.03		FR
120	Brookfield Renewable Partners L.P.BEP	$6.32B	$9.63B	$31.76	—		BM
121	Brookfield BRP Holdings (CanadaBEPI	$6.32B	$9.81B	$15.91	+0.32%$0.05		CA
122	LG Energy Solution, Ltd.373220.KS	$6.27B	$49.75B	$212.59	−0.94%$2.03		KR
123	AstraZeneca PLCAZN	$6.24B	$127.57B	$164.52	−2.59%$4.38		GB
124	Costco Wholesale CorporationCOST	$6.19B	$415.01B	$935.80	−0.54%$5.07		US
125	Occidental Petroleum CorporationOXY	$6.10B	$54.89B	$55.19	+0.60%$0.33		US
126	Fortescue Metals Group LimitedFSUGY	$6.07B	$40.05B	$26.02	−1.92%$0.51		AU
127	Power Construction Corporation of China, Ltd601669.SS	$6.05B	$12.29B	$0.71	−0.21%$0.00		CN
128	China Energy Engineering Corporation Limited601868.SS	$6.00B	$13.31B	$0.38	−0.00%$0.00		CN
129	Hyundai Motor Company005380.KS	$5.95B	$53.84B	$265.99	−1.38%$3.72		KR
130	Vale S.A.VALE	$5.94B	$60.13B	$14.10	−0.63%$0.09		BR
131	BOE Technology Group Company Limited000725.SZ	$5.93B	$32.13B	$0.87	+1.21%$0.01		CN
132	ANZ Group Holdings LimitedANZ.AX	$5.91B	$75.60B	$25.11	−0.90%$0.23		AU
133	CGN Power Co., Ltd.003816.SZ	$5.89B	$30.50B	$0.60	+0.25%$0.00		CN
134	Glencore plcGLCNF	$5.86B	$79.85B	$6.83	−1.37%$0.10		CH
135	China CITIC Bank Corporation Limited601998.SS	$5.85B	$62.19B	$1.12	+0.00%$0.00		CN
136	Telefónica, S.A.TEF.MC	$5.80B	$23.10B	$4.10	−1.00%$0.04		ES
137	SK Inc.034730.KS	$5.64B	$21.64B	$396.79	+1.38%$5.41		KR
138	Nestlé S.A.NESN.SW	$5.61B	$273.16B	$106.20	+0.21%$0.22		CH
139	Viper Energy, Inc.VNOM	$5.59B	$15.98B	$44.38	—		US
140	China Unicom (Hong Kong) Limited0762.HK	$5.57B	$25.48B	$0.83	−0.15%$0.00		HK
141	GATX CorporationGATX	$5.54B	$6.34B	$178.48	—		US
142	Enterprise Products Partners L.P.EPD	$5.54B	$83.90B	$38.78	+1.52%$0.58		US
143	Nebius Group N.V.NBIS	$5.48B	$43.83B	$182.62	+2.76%$4.91		NL
144	Deutsche Lufthansa AGLHA.DE	$5.38B	$12.15B	$10.11	−1.80%$0.19		DE
145	The Williams Companies, Inc.WMB	$5.35B	$90.70B	$74.16	+1.06%$0.78		US
146	PTT Public Company LimitedPTT.BK	$5.33B	$33.11B	$1.17	+1.29%$0.01		TH
147	Linde plcLIN	$5.33B	$236.87B	$512.05	−0.23%$1.17		GB
148	Royal Caribbean Cruises Ltd.RCL	$5.30B	$76.75B	$286.16	−0.28%$0.80		US
149	Christian Dior SECDI.PA	$5.22B	$92.68B	$513.71	−1.23%$6.40		FR
150	China Communications Construction Company Limited601800.SS	$5.18B	$15.11B	$0.93	+0.80%$0.01		CN
151	Hon Hai Precision Industry Co., Ltd.2317.TW	$5.17B	$105.61B	$7.54	+3.84%$0.28		TW
152	AerCap Holdings N.V.AER	$5.15B	$23.39B	$148.33	+0.93%$1.36		IE
153	Duke Energy CorporationDUK	$5.08B	$98.11B	$125.85	+0.67%$0.84		US
154	HCA Healthcare, Inc.HCA	$5.07B	$82.17B	$370.42	−0.20%$0.76		US
155	Johnson & JohnsonJNJ	$5.07B	$598.96B	$248.82	−1.67%$4.22		US
156	CenterPoint Energy, Inc.CNP	$5.03B	$28.12B	$42.99	−0.32%$0.14		US
157	Heineken N.V.HNK1.DE	$5.03B	$48.92B	$88.03	+0.21%$0.18		NL
158	Canadian Natural Resources LimitedCNQ	$4.99B	$91.67B	$43.95	+0.14%$0.06		CA
159	Kuaishou TechnologyKUASF	$4.97B	$24.84B	$5.74	+0.00%$0.00		CN
160	PJSC Rosneft Oil CompanyROSN.ME	$4.93B	$39.26B	$4.13	+6.69%$0.26		RU
161	Equinix, Inc.EQIX	$4.82B	$100.33B	$1,017.31	−0.26%$2.69		US
162	DTE Energy CompanyDTE	$4.79B	$30.36B	$145.95	−1.51%$2.24		US
163	DTE Energy Company JR SUB DB 2017 EDTW	$4.79B	$30.83B	$20.31	—		US
164	Fortescue LtdFMG.AX	$4.77B	$39.94B	$12.97	−1.44%$0.19		AU
165	EDP - Energias de Portugal, S.A.EDP.LS	$4.76B	$21.49B	$5.20	+0.60%$0.03		PT
166	Bharti Airtel LimitedBHARTIARTL.NS	$4.71B	$125.64B	$20.14	+1.64%$0.32		IN
167	Zijin Mining Group Company Limited601899.SS	$4.69B	$115.64B	$4.35	+0.10%$0.00		CN
168	Ameren CorporationAEE	$4.67B	$30.56B	$110.42	−1.01%$1.13		US
169	Ameren Illinois CompanyAILIH	$4.67B	$30.87B	$66.00	—		US
170	Union Electric CompanyUEPCP	$4.67B	$30.87B	$70.00	—	—	US
171	Severn Trent PlcSVT.L	$4.65B	$12.24B	$40.55	−1.83%$0.75		GB
172	Avis Budget Group, Inc.CAR	$4.64B	$5.64B	$159.52	−0.65%$1.05		US
173	United Rentals, Inc.URI	$4.62B	$63.44B	$1,012.71	−3.11%$32.50		US
174	BASF SeBAS.F	$4.61B	$48.48B	$54.74	−1.57%$0.87		DE
175	Strategy IncMSTR	$4.57B	$29.06B	$97.82	+3.13%$2.97		US
176	Emirates NBD Bank PJSCEMIRATESNBD.AE	$4.56B	$51.43B	$8.14	+2.05%$0.16		AE
177	Airbus SEAIR.DE	$4.55B	$172.28B	$218.84	−1.70%$3.77		NL
178	Lumen Technologies, Inc.LUMN	$4.52B	$6.57B	$6.38	+1.59%$0.10		US
179	WEC Energy Group, Inc.WEC	$4.51B	$36.66B	$112.55	−0.71%$0.80		US
180	Elia Group SA/NVELI.BR	$4.51B	$17.38B	$159.19	—		BE
181	Repsol, S.A.REP.DE	$4.46B	$31.47B	$28.48	+1.67%$0.47		ES
182	Fortis Inc. CUM RD 5Y SR GFTRSF	$4.42B	$8.93B	$17.55	+0.00%$0.00		CA
183	Fortis Inc.FTS	$4.42B	$29.68B	$58.30	−0.82%$0.48		CA
184	China Three Gorges Renewables (Group) Co.,Ltd.600905.SS	$4.41B	$16.71B	$0.58	+0.51%$0.00		CN
185	A.P. Møller - Mærsk A/SMAERSK-B.CO	$4.41B	$37.33B	$2,554.93	−1.65%$42.84		DK
186	OMV AGOMV.DE	$4.39B	$23.25B	$71.30	+1.22%$0.86		AT
187	Kering S.A.KER.PA	$4.39B	$35.54B	$289.85	+0.46%$1.32		FR
188	The Procter & Gamble CompanyPG	$4.38B	$347.29B	$149.14	−0.56%$0.84		US
189	Agricultural Bank of China Limited601288.SS	$4.31B	$341.90B	$0.98	−0.15%$0.00		CN
190	PPL CorporationPPLC	$4.30B	$35.72B	$48.09	−0.76%$0.37		US
191	BOC Aviation LimitedBCVVF	$4.25B	$7.13B	$10.28	—		SG
192	Dow Inc.DOW	$4.21B	$21.89B	$30.37	+1.50%$0.45		US
193	Daqin Railway Co., Ltd.601006.SS	$4.20B	$14.29B	$0.72	+0.21%$0.00		CN
194	PepsiCo, Inc.PEP	$4.17B	$185.04B	$135.46	−1.21%$1.66		US
195	Deere & CompanyDE	$4.17B	$158.18B	$586.00	−1.88%$11.24		US
196	Ally Financial Inc.ALLY	$4.16B	$13.99B	$45.64	—		US
197	Eversource EnergyES	$4.16B	$27.85B	$74.05	−0.76%$0.57		US
198	Suncor Energy Inc.SU	$4.15B	$73.50B	$62.25	−0.29%$0.18		CA
199	Datang International Power Generation Co., Ltd.601991.SS	$4.14B	$16.52B	$0.89	−5.49%$0.05		CN
200	The Kroger Co.KR	$4.10B	$35.75B	$58.36	−0.78%$0.46		US
201	Texas Instruments IncorporatedTXN	$4.10B	$258.53B	$284.07	+0.02%$0.05		US
202	Qantas Airways LimitedQAN.AX	$4.03B	$10.71B	$7.08	+0.00%$0.00		AU
203	Prio S.A.PRIO3.SA	$3.99B	$9.14B	$11.32	—		BR
204	CMS Energy CorporationCMS	$3.98B	$22.51B	$72.88	−1.05%$0.77		US
205	Tenaga Nasional Berhad5347.KL	$3.97B	$20.34B	$3.49	—		MY
206	Barrick Mining CorporationB	$3.96B	$58.46B	$34.89	−0.11%$0.04		CA
207	International Consolidated Airlines Group S.A.IAG.L	$3.96B	$26.05B	$5.90	−1.40%$0.08		GB
208	Wanhua Chemical Group Co., Ltd.600309.SS	$3.95B	$33.31B	$10.64	−0.14%$0.01		CN
209	China State Construction Engineering Corporation Limited601668.SS	$3.93B	$28.62B	$0.69	+0.65%$0.00		CN
210	Vinci S.A.DG.PA	$3.92B	$75.89B	$135.23	+0.25%$0.34		FR
211	Xcel Energy Inc.XEL	$3.91B	$49.11B	$78.67	−0.13%$0.10		US
212	PTT Exploration and Production Public Company LimitedPTTEP-R.BK	$3.88B	$17.38B	$4.38	—		TH
213	Target CorporationTGT	$3.88B	$63.42B	$139.64	+0.03%$0.04		US
214	COSCO SHIPPING Holdings Co., Ltd.601919.SS	$3.87B	$34.18B	$2.21	+0.00%$0.00		CN
215	Atmos Energy CorporationATO	$3.87B	$29.60B	$177.33	−0.20%$0.35		US
216	POSCO Holdings Inc.PKX	$3.86B	$15.31B	$50.63	−0.33%$0.17		KR
217	United Parcel Service, Inc.UPS	$3.84B	$84.51B	$113.19	−3.85%$4.53		US
218	Panasonic Holdings Corporation0QYR.L	$3.84B	$61.52B	$26.35	−5.42%$1.51		JP
219	TBEA Co., Ltd.600089.SS	$3.83B	$14.25B	$2.84	−0.10%$0.00		CN
220	Union Pacific CorporationUNP	$3.82B	$175.89B	$296.25	−1.82%$5.50		US
221	Banco Santander, S.A.SAN	$3.81B	$195.51B	$13.32	−1.70%$0.23		ES
222	FedEx CorporationFDX	$3.81B	$73.07B	$306.22	−2.16%$6.76		US
223	Ecopetrol S.A.EC	$3.81B	$32.96B	$16.03	−0.37%$0.06		CO
224	Devon Energy CorporationDVN	$3.79B	$27.21B	$43.78	−0.11%$0.05		US
225	Merck & Co., Inc.MRK	$3.78B	$307.27B	$124.41	−2.42%$3.09		US
226	American Airlines Group Inc.AAL	$3.77B	$9.91B	$14.98	—		US
227	Honda Motor Co., Ltd.HMC	$3.76B	$37.53B	$28.17	+0.04%$0.01		JP
228	Marathon Petroleum CorporationMPC	$3.74B	$92.05B	$315.31	+0.87%$2.71		US
229	The Home Depot, Inc.HD	$3.72B	$332.08B	$333.04	−1.72%$5.83		US
230	PJSC Gazprom NeftSIBN.ME	$3.68B	$23.61B	$5.00	+3.67%$0.18		RU
231	Anheuser-Busch InBev SA/NVBUD	$3.65B	$156.17B	$80.83	+0.32%$0.26		BE
232	Dr. Ing. h.c. F. Porsche AGP911.DE	$3.64B	$46.73B	$51.29	−0.33%$0.17		DE
233	Swisscom AGSCMN.SW	$3.63B	$40.43B	$780.41	−0.63%$4.95		CH
234	China Coal Energy Company LimitedCCOZF	$3.62B	$23.66B	$1.43	+0.00%$0.00	—	CN
235	China Eastern Airlines Corporation Limited600115.SS	$3.60B	$11.51B	$0.52	—		CN
236	Carnival Corporation & plcCCL	$3.59B	$35.67B	$26.04	−1.40%$0.37		US
237	Singapore Telecommunications LimitedZ74.SI	$3.58B	$55.83B	$3.41	+0.00%$0.00		SG
238	Vistra Corp.VST	$3.55B	$53.27B	$157.99	+1.64%$2.55		US
239	The Boeing CompanyBA	$3.54B	$165.13B	$209.48	−2.13%$4.55		US
240	McDonald's CorporationMCD	$3.50B	$190.16B	$267.64	−0.03%$0.07		US
241	Veolia Environnement S.A.VIE.PA	$3.49B	$31.12B	$42.52	−0.88%$0.38		FR
242	YPF Sociedad AnónimaYPF	$3.49B	$19.78B	$50.44	+1.53%$0.76		AR
243	Tesco PLCTSCO.L	$3.49B	$40.18B	$6.45	−1.26%$0.08		GB
244	China Construction Bank Corporation601939.SS	$3.47B	$331.23B	$1.54	−0.29%$0.00		CN
245	The Kansai Electric Power Company, Incorporated9503.T	$3.45B	$16.14B	$14.48	+2.35%$0.33		JP
246	Targa Resources Corp.TRGP	$3.44B	$60.60B	$282.35	−0.20%$0.56		US
247	Boeing Co. Cedear Each 6 Rep 1BAC.BA	$3.42B	$166.48B	$8.80	−1.90%$0.17		US
248	Constellation Energy CorporationCEG	$3.42B	$91.03B	$253.50	+0.44%$1.11		US
249	UnitedHealth Group IncorporatedUNH	$3.40B	$382.83B	$421.55	−1.07%$4.54		US
250	ONEOK, Inc.OKE	$3.39B	$58.95B	$93.56	+0.04%$0.04		US